Grand Rapids Michigan Real Estate Blog

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Cascade MI Neighborhood Real Estate Market Reports - Cascade Woods - Jan-Dec 2009

Cascade Woods is an established neighborhood of large, executive

style homes in Cascade Township, MI. Most of these homes were

built in the 1960's and 1970's, although there are a few newer

homes that were built recently in the area. Close to the village of

Cascade and the Thornapple  River, this heavily wooded area has

 been a Grand Rapids desired suburban place to live for  decades. 

 

 Part of the Forest Hills Public School District, which draws many

families, there is also the river and it's picturesque appeal.  The

drive down Thornapple River Drive between Ada and Cascade in

the fall is one of the prettiest drives in the greater Grand Rapids area.

Leslie E Tassell Park Cascade Township MI

   Cascade Woods Market Report    December 2009

    8 Homes For Sale,  1 Pending,  10 SOLD, 14 Expired

Cascade Woods Active Listings: 8

Cascade Woods Average price - $427,100

Cascade Woods Average $/SqFt - $142.44

Cascade Woods Average days on market - 156

Cascade Woods Sold Listings: 10

Cascade Woods average price - $193,162

Cascade Woods average $/SqFt - $ 84.37

Cascade Woods average days on market - 89 days

Cascade Woods Expired Listings: 14

 

The Absorption Rate for Cascade Woods Homes is 7.33 months,

Which means if no new listings come on the market, it will take

7.33 months to sell the existing inventory.  The average sold price

per SqFt is still 40% less than the average Active list Price/SqFt.  This

 is a definite increase since the last report in August, which was

24 moths.  Average sold price is still going down, but this could

reflect foreclosures, short sales, and homes in poor condition

 that have sold over the last 12 months. The average list price

 has increased by $133K because one of the listings in over $1 million

and time on the market has increased.

   

 10 Cascade Woods homes have sold over the last year, only 2

of the 10 homes sold were over $100 a square foot.  This tells me

that homes in poor condition, read "dated" are pushing average

prices down in this area.

 

Today's buyers do not want to do ANY updates, which includes

painting, new kitchens & baths, and new flooring. If your Cascade

Woods home hasn't sold, it is probably condition,  which gets

us back to price.  If you don't want to improve your home, you

 won't get the same price as people who have updated and kept

their home current according to recent trends. 

 

Forest Hills Michigan Real Estate Reports ~  2009

If you would like further information about Grand Rapids or

Cascade Homes, please contact me directly.

photo of Leslie E Tassell Park on the Thornapple River by Bonnie Westbrook

_____________________________________________

The authors of the this blog write about Grand Rapids Real Estate,

the Greater Grand Rapids MI area, and what it is like to live in

West Michigan.  We believe: Grand Rapids is a Great Place to Live!

search for Grand Rapids homes Find Grand Rapids Home Value Grand Rapids Relocation Guide

Westbrook Realty Grand Rapids MI Real Estate

                          Contact Terry   616-292-7263

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Comment balloon 0 commentsTerry & Bonnie Westbrook • December 14 2009 10:38AM
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